On September 13, VTB Bank lowered mortgage rates to 8.9 percent. The rate decreased by 0.3 percentage points. The most favorable conditions for
buying an apartment on a mortgage are available under the "More meters - lower rate" program.
According to According to the press service of VTB Bank, refinancing of an existing
mortgage of another bank is possible at 9.4 percent. The offer is valid until October 31, 2019. From January to August of this year, VTB Bank concluded more than 165 thousand
mortgage transactions for 405 billion rubles. Mortgage portfolio grew by 10 percent and exceeded 1, 5 trillion rubles.
In his address to the Federal Assembly in February, Vladimir Putin instructed the government and the Central Bank to achieve a reduction in mortgage rates to 9 percent and then to 8 percent and below. The president also set the task of establishing a preferential rate on
mortgage for families with children for the entire term of the loan, introducing mortgage holidays and compensating families from the budget where the third and subsequent child was born, 450 thousand rubles for
mortgage loan.
Previously, the Bank of Russia for the third time since the beginning of the year lowered the key rate - from 7.25 to 7 percent per annum. The main result of the key rate cut is the cheaper < a href="https://www.gjacip.ru/ipoteka/">mortgages. If in April the weighted average interest on issued
mortgage loans on
purchase of an apartment was 10.41 percent, then already in early August it was estimated at 10.21.
